Small business form the backbone of the United States economy. Entrepreneurs are the advancers, risk takers, and believers that give us innovative new products and create the majority of new jobs for workers in our country. There’s a fair amount of competition out there in the small business world, so it’s important that you stay at the top of your game. Small businesses will always be relevant if and only if they’re managed correctly.
That statement may seem optimistic considering all the negativity in the traditional media right now. But, it is something I truly believe.
According to the United States Small Business Administration (SBA), 99.7% of U.S. businesses are qualified as “small business” and employed 48% of all U.S. employees as of 2013. That’s 56.8 million people! Of those workers, retail businesses employed 35.7%, manufacturing businesses employed 44.9%, transportation and warehousing businesses employed 37%, wholesale trade employed 58.6%, professional, scientific, and tech services employed 58.8%, and the list goes on.